[Lido: rsETH Exposure Approximately $21.6 Million, $3 Million First-Loss Protection to Be Activated if Necessary] Foresight News reports that Lido tweeted its EarnETH vault has been affected by the April 18 Kelp DAO cross-chain bridge hack, in which 116,500 rsETH (approximately $292 million) was stolen. EarnETH holds approximately $21.6 million in rsETH exposure through an rsETH/ETH leveraged position on Aave, accounting for about 9% of the vault's total assets. The EarnETH team is actively deleveraging to reduce risk, with the outcome dependent on the final decisions by Kelp, LayerZero, and Aave regarding loss sharing and bad debt resolution. Lido further stated that EarnETH has a $3 million "first-loss protection mechanism" funded by the Lido DAO treasury, which will be used to cover losses if necessary. The vault has currently suspended deposits and redemptions to assess the losses. This incident does not affect stETH or wstETH, as Lido's core staking protocol is not involved.